Equities research analysts expect Fulton Financial Corporation (NASDAQ:FULT) to report sales of $205.68 million for the current quarter, according to Zacks. Three analysts have issued estimates for Fulton Financial’s earnings, with estimates ranging from $203.10 million to $209.15 million. Fulton Financial reported sales of $184.99 million during the same quarter last year, which would suggest a positive year over year growth rate of 11.2%. The company is expected to issue its next quarterly earnings report on Tuesday, January 16th.

According to Zacks, analysts expect that Fulton Financial will report full-year sales of $205.68 million for the current year, with estimates ranging from $780.10 million to $803.48 million. For the next fiscal year, analysts expect that the firm will post sales of $854.22 million per share, with estimates ranging from $843.00 million to $869.56 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Fulton Financial.

Fulton Financial (NASDAQ:FULT) last released its quarterly earnings data on Tuesday, October 17th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. Fulton Financial had a net margin of 21.15% and a return on equity of 8.28%. The firm had revenue of $194.19 million for the quarter, compared to the consensus estimate of $200.00 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis.

A number of research firms have recently issued reports on FULT. Piper Jaffray Companies reiterated a “hold” rating and set a $18.00 price objective on shares of Fulton Financial in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $17.00 price objective on shares of Fulton Financial in a research note on Thursday, October 19th. Jefferies Group reiterated a “hold” rating and set a $20.00 price objective on shares of Fulton Financial in a research note on Friday, September 15th. BidaskClub downgraded shares of Fulton Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Finally, Zacks Investment Research upgraded shares of Fulton Financial from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Fulton Financial presently has an average rating of “Hold” and an average price target of $18.60.

A number of institutional investors and hedge funds have recently made changes to their positions in FULT. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Fulton Financial by 7.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,721 shares of the bank’s stock valued at $147,000 after acquiring an additional 519 shares in the last quarter. Advisor Group Inc. boosted its stake in Fulton Financial by 5.3% in the second quarter. Advisor Group Inc. now owns 8,336 shares of the bank’s stock valued at $158,000 after acquiring an additional 417 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Fulton Financial by 56.0% during the second quarter. Riverhead Capital Management LLC now owns 9,985 shares of the bank’s stock worth $190,000 after buying an additional 3,585 shares during the period. FDx Advisors Inc. acquired a new stake in shares of Fulton Financial during the third quarter worth $192,000. Finally, Sei Investments Co. lifted its stake in shares of Fulton Financial by 3.8% during the second quarter. Sei Investments Co. now owns 10,378 shares of the bank’s stock worth $198,000 after buying an additional 377 shares during the period. Institutional investors own 62.74% of the company’s stock.

Fulton Financial (FULT) opened at $18.15 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.98 and a current ratio of 0.98. Fulton Financial has a one year low of $16.45 and a one year high of $19.90. The stock has a market cap of $3,090.90, a P/E ratio of 17.14 and a beta of 1.17.

The company also recently announced a special dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.03 dividend. This represents a yield of 2.42%. This is an increase from Fulton Financial’s previous special dividend of $0.02. The ex-dividend date of this dividend was Thursday, November 30th. Fulton Financial’s dividend payout ratio (DPR) is 42.72%.

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Fulton Financial Company Profile

Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).

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Earnings History and Estimates for Fulton Financial (NASDAQ:FULT)

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